The dog and I took some very serious naps after supper tonight and are now wide awake. I found this little gem while surfing YouTube.
Enjoy!

This message has been edited. Last edited by: Jim Shugart, November 12, 2018 09:03 AM

Very true. Many years ago I traveled extensively for my work. Venezuela was a common destination. It is so truly sad what has become of that fine land and those poor people. Fertile land, sea ports, oil, fine climate, incredible beauty that will leave in wonder. Angel Falls! for God's sake.

And yet they are in absolutely poverty and hyper inflation. People are hungry and fleeing as though there were a civil war roaring in the streets. Although I hear the president is virtuous, and not greedy.

So true

Thank you for sharing this.

Excellent! Makes me think about my own definition of greed.

At least we can be thankful Phil Donahue is off the stage these days, scolding with his greed, plights and guilt. The fact is the vast majority of the world lives in abject poverty and Phil's only just solution is everyone live that way.

There are ways to improve peoples' lives, Phil Donahue has no idea what those are. Whatever the case, Mcmansions for all ain't happening.

quote:

Originally posted by Ripley:
At least we can be thankful Phil Donahue is off the stage these days, scolding with his greed, plights and guilt. The fact is the vast majority of the world lives in abject poverty and Phil's only just solution is everyone live that way.

There are ways to improve peoples' lives, Phil Donahue has no idea what those are. Whatever the case, Mcmansions for all ain't happening.

He's been replaced by even more ignorant and selfish people. I don't wonder why so many Americans are so incredibly stupid.

All that wisdom totally wasted on Donahue. Freidman may as well have been talking to a fence post.

An oldie but a goodie.

To me, what is amazing about this clip is that even though Donahue was a leftist in those days, he never interrupted Friedman, debating with his own opinion and jokes & punchlines. He was polite and let Friedman have his say. Hardly see that nowadays.

'Maldistribution of wealth' can only be achieved by use of force. Otherwise, those that earn it, keep it, which is as it should be.

Thank you for sharing. Great clip.

quote:

Originally posted by joel9507:
'Maldistribution of wealth' can only be achieved by use of force. Otherwise, those that earn it, keep it, which is as it should be.

And that's not even true. Where the 'saviors' have forced re-distribution at gunpoint, those 'saviors' (and their cohorts) always end up with a substantial portion of the wealth while the poor are left to be...poor.

Milton was a gift. He really was. He could take the most complex of socioeconomic issues and boil them down into simple concepts any American could both understand and support. Thomas Sowell does a decent job making similar arguments, but no one has been able to do it like Milton did.

Try this video out. I think its my favorite Friedman segment. Geo-economic and geo-political ideas wrapped up in two and a half minutes of simple common sense virtually any American could grasp. Enjoy.

quote:

Originally posted by joel9507:
'Maldistribution of wealth' can only be achieved by use of force. Otherwise, those that earn it, keep it, which is as it should be.

I would add that those in free societies are the biggest givers.